Millennium Group International Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Millennium Group International Holdings has a total shareholder equity of $39.9M and total debt of $13.4M, which brings its debt-to-equity ratio to 33.6%. Its total assets and total liabilities are $59.0M and $19.1M respectively.
Key information
33.6%
Debt to equity ratio
US$13.41m
Debt
| Interest coverage ratio | n/a |
| Cash | US$27.82m |
| Equity | US$39.92m |
| Total liabilities | US$19.12m |
| Total assets | US$59.04m |
Recent financial health updates
No updates
Recent updates
Investors Don't See Light At End Of Millennium Group International Holdings Limited's (NASDAQ:MGIH) Tunnel And Push Stock Down 35%
Apr 04
Millennium Group International Holdings Limited's (NASDAQ:MGIH) 161% Price Boost Is Out Of Tune With Revenues
Feb 13Millennium Group International Holdings Limited's (NASDAQ:MGIH) Shares Climb 42% But Its Business Is Yet to Catch Up
Dec 13Financial Position Analysis
Short Term Liabilities: MGIH's short term assets ($44.5M) exceed its short term liabilities ($19.1M).
Long Term Liabilities: MGIH's short term assets ($44.5M) exceed its long term liabilities ($38.0K).
Debt to Equity History and Analysis
Debt Level: MGIH has more cash than its total debt.
Reducing Debt: Insufficient data to determine if MGIH's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MGIH's debt is well covered by operating cash flow (60.5%).
Interest Coverage: Insufficient data to determine if MGIH's interest payments on its debt are well covered by EBIT.